Discouraged Workers__________ Counted as Officially Unemployed Because They __________

question 68

Multiple Choice

Discouraged workers__________ counted as officially unemployed because they __________.

• A) are; are not working
• B) are not; are not actively seeking work
• C) are not; are not qualified to work
• D) are; are still in the labor force

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Definitions:

International Trade

The exchange of goods and services between countries, driven by comparative advantages and resulting in increased global economic interaction.

Autarky Price

The price of a good within a closed economy that does not engage in trade with external entities.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Autarky Price

The price of a good in a country without international trade, determined solely by domestic supply and demand.